The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 2/20/2026 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal line
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It was a first positive week for the Fortive Corp (FTV). During the week, the FTV gained 1.38 points, or 2.43%, and closed at 58.28 on Friday, February 20, 2026. Weekly volume was -6% below average.

FTV is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 35.97 and resistance is at 79.16. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term downtrend had started on February 20, 2025 at 83.32 and reached 46.34 on August 11, 2025. FTV lost 36.98 points, or 44.38%, in 24 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (25.45) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 26, 2025. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term downtrend had started on February 11, 2026 at 62.42 and reached 54.97 on February 12, 2026. FTV lost 7.45 points, or 11.94%, in 1 days. The price is now at the 44.43% retracement level.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.71
Williams' Percentage Range (W%R) 47.70
Lane's Stochastic (%D-Slow) 39.61
Greed/Fear Indicator (GFI) 52.19
Moving Average Converg./Diverg. (MACD) 0.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.67
Williams' Percentage Range (W%R) 32.40
Lane's Stochastic (%D-Slow) 60.93
Greed/Fear Indicator (GFI) 61.46
Moving Average Converg./Diverg. (MACD) -1.08
Trading Signals
Description Value Chart
Upper Bollinger Band 62.92
Monthly Trendline Resistance 58.69
Price 58.28
Weekly Stochastic Crossing 58.25
Daily Stochastic Crossing 57.90
Parabolic System 57.38
20 Day Moving Average 56.76
50 Day Moving Average 55.72
Lower Bollinger Band 51.30
Monthly Trendline Support 50.63
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 88
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 62.42
High Date 02/11/2026
Low 54.97
Low Date 02/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.43
Low Date 01/30/2026
High 62.42
High Date 02/11/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 58.69
Support 50.63
Low 46.34
Low Date 08/11/2025
High 62.42
High Date 02/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 43.42
Support 25.45
High 83.32
High Date 02/20/2025
Low 46.34
Low Date 08/11/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 79.16
Support 35.97
High 87.10
High Date 03/22/2024
Low 46.34
Low Date 08/11/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.